Functional Brick Building in Los
238 S Mission Rd Los Angeles, CA 90033
238 S Mission Rd, Los Angeles, CA, 90033
$7,200,000
For Sale
$7,200,000
Freestanding building with docks, office space, and freeway access.
Property Size30,101 SF
Lot Size0.69 Acres
Price / SF$239.19
Days on Market111
Property Features for 238 S Mission Rd
General Information
- Standard status
- Active
- Size
- 30,101 SF
- Lot size
- 0.69 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1937
Properties For Sale
at 238 S Mission Rd Contact us
Listing agency
Daum Commercial
(213) 270-2219
Listed by
Ian Grossman · License #CA 02179242
(213) 270-2219
Source
Daumcommercial
Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 3:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Daum Commercial
Investment Insights
Based on property information with market context.
This functional freestanding brick building is located in downtown Los Angeles, offering convenient access to the 5, 10, and 101 Freeways. Situated in the Arts District and Boyle Heights, the property features approximately 4,546 square feet of office space. The warehouse includes two 20’x12’ docks with levelers, capable of accommodating 53’ trailers. The property size is 30,101 square feet.
Key Highlights
- Prime Downtown Los Angeles Location
- Easy Access to 5, 10, and 101 Freeways
- Two 20’x12’ Docks w/ Levelers & Ability to Accommodate 53’ Trailers
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $570.7k | $18.96 |
| − Vacancy | −$36.5k | −$1.21 |
| EGI | $534.2k | $17.75 |
| − OpEx | −$80.1k | −$2.66 |
| NOI | $454.1k | $15.08 |
30,101 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.49M
$5.68M – $7.57M
NOI $454,061 @ 7.0% cap · market cap 6.31%
Second Best
Industrial
$5.34M
$4.67M – $6.23M
NOI $373,932 @ 7.0% cap · market cap 5.19%
Theoretical Best
Multifamily LT 5
$609.83M
$533.60M – $711.47M
NOI $42,687,973 @ 7.0% cap · market cap 592.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
IGS WAREHOUSES
Warehouse & Storage
Similar For Sale Nearby
Similar Off Market Nearby
- Umina Bros Inc — 1321-B Wholesale St, Los Angeles, CA 90021
- Rancho Cold Storage — 670 Mesquit St, Los Angeles, CA 90021
- Nor-walk Cold Storage — 668 Alameda St, Los Angeles, CA 90021
- Gold Medal Storage — 668 Alameda St, Los Angeles, CA 90021
- South Side Logistics — 1301 Wholesale St, Los Angeles, CA 90021
FAQs
What type of property is this?
Warehouse - Freestanding building with docks, office space, and freeway access.
Where is this warehouse located?
The property is located at 238 S Mission Rd Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: Prime Downtown Los Angeles Location; Easy Access to 5, 10, and 101 Freeways; Two 20’x12’ Docks w/ Levelers & Ability to Accommodate 53’ Trailers
